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Resources

Tax and financial tools to assist individuals, fiduciaries, and businesses

Please let us know if you can’t find what you need. We’re constantly striving to improve our website. If you’re looking for it, someone else probably is, too.




Tax Websites

  • Internal Revenue Service: Contains a wide range of tax forms, publications and advice
  • Arizona Department of Revenue: Contains tax forms, publications and advice related to Arizona income and transaction taxes 
  • Arizona charitable tax credits: Provides descriptions of credits available for making donations to Arizona charities, with handy links to the list of eligible charities
  • Schedule K-1 support: Provides links to publicly-traded partnership and LLC Schedule K-1 forms, as well as prior year packages. Requires registration.
  • Charity lookup: Contains a charitable organization lookup, indicating whether the organization is on the IRS’ list of qualified charities
  • Identity Theft: Contains a link to report identity theft to the IRS (also see below for Federal Trade Commission)

Financial Resources


Record Retention Guide

LIBA is providing this schedule as a general guideline for records retention. Your personal, business, or trust circumstances may affect the appropriate periods for information and document retention. If you have questions pertaining to the specific circumstances related to the retention of your records please consult legal counsel. These guidelines apply uniformly to documents retained in either paper or electronic format. 


Personal Record Retention Periods

Permanently

Tax Returns
Salary/wage records and W-2s
Basis records for inherited or gifted property
Deeds and mortgages

Seven (7) Years

Tax return worksheets and backup documents
Contracts, insurance policies, leases (after expiration)
Bank statements and cancelled checks
Asset purchase documents (after ownership ends)


Business Administrative Record Retention Periods

Permanently

Corporate agreements, annual reports, minutes, and bylaws
Retirement/401(k) plan information
Shareholder documents, agreements, and contracts
Tax returns

Seven (7) Years

Accident reports & claims (after accident/settlement)
Accounts receivable reports
Client newsletters and marketing materials
Conflict of interest disclosures (after expiration)
Insurance policies, leases, and contracts (after expiration)
Personnel files (after termination)
Time & billing information (including invoices)
Tax return worksheets and backup documents


Business Accounting Record Retention Period

Seven (7) Years

Annual and monthly financial reports
Bank statements and reconciliations
Depreciation schedules
Employee expense reports
General ledger detail
Payroll reports filed (including Forms W-2 and 1099)
Property & equipment records and notices (after disposal)
Vendor invoices